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African Development Bank Group (AfDB)

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    • The African Development Bank continues its efforts to extend electricity grid in Guinea
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Source: African Development Bank Group (AfDB) |

Guinea: $66 million from the African Development Bank to extend access to electricity

There will be about 100,000 direct beneficiaries of the project composed of individual households, women's associations, health centers, schools and businesses

On 14 July 2022 in Abidjan, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $66.39 million support package for Guinea. The funding is intended to help it increase access to electricity. It consists of a $4.17 million grant and a $9.37 million loan from the…

African Development Bank Group (AfDB)

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    • Sherwood Substation 175 MVA transformer financed under ZimFund phase II power project being shipped to Zimbabwe
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Source: African Development Bank Group (AfDB) |

Zimbabwe: ZimFund $23 Million Power Project Ready to Roll with Delivery of New Transformer

The transformer was delivered on Sunday 10 July to the Sherwood Substation in Kwekwe Midlands Province, about 200km to the west of Harare

An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund (https://bit.ly/3yYLBMq), has reached the last leg of implementation with the delivery of a 175 MVA transformer, signaling relief from constant power outages for thousands of customers in the Midlands, Mashonaland East & West provinces of Zimbabwe. The transformer was delivered on…

African Development Bank Group (AfDB)

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    • The functioning of Comoros’ electricity network has improved significantly in recent years, thanks to an African Development Bank-supported project
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Source: African Development Bank Group (AfDB) |

The African Development Bank is Supporting Improvements to the Power Grid in the Comoros

The project aims to respond to a twofold challenge in the energy sector in the Comoros

The Comoros Energy Sector Support Project has helped improve the country’s power grid. Approved in 2013, the project aims to respond to a twofold challenge in the energy sector in the Comoros. At the time, electricity access was around 50% of the population, and unevenly split between the three islands…

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    • The support of the African Development Bank to ECOWAS will improve access to energy in the 15 countries of the West African region.
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Source: African Development Bank Group (AfDB) |

ECOWAS: African Development Fund Approves $2 Million Technical Grant to Boost Electricity Reforms

The grant from the African Development Fund will go to the ECOWAS Regional Electricity Regulatory Authority

The Board of Directors of the African Development Fund (https://bit.ly/3HXs6GI) on 24 June approved a technical assistance grant of $2 million to fund research that will contribute to electricity reforms in the Economic Community of West African States (ECOWAS). The grant from the African Development Fund — the concessional window…

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    • Ghana signs grant agreement with African Development Fund, government of Switzerland, to support development of mini-grids and solar PV net metering
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Source: African Development Bank Group (AfDB) |

Ghana signs grant agreement with African Development Fund, government of Switzerland, to support development of mini-grids and solar PV net metering

The agreements, for the development of 35 mini-grids and stand-alone solar PV systems, were signed on Wednesday 25 May at a short ceremony held on the sidelines of the African Development Bank Group’s 2022 Annual Meetings

The government of Ghana has signed a grant agreement with the African Development Fund, and a financing agreement with the government of Switzerland, for the Ghana Mini Grid and Solar Photovoltaic Net Metering project. The project will benefit schools, health centres and communities across the country. The agreements, for the…

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    • Through appropriate capacity building programmes, Sahel countries will increase their own capabilities to accelerate their energy transition
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Source: African Development Bank Group (AfDB) |

African Development Bank, MASEN and RES4africa to co-organise training programme for Sahel countries

The planned sessions are relevant to all aspects of the solar energy value chain and landscape – from utility scale to decentralized uses

The African Development Bank (www.AfDB.org), MASEN and RES4Africa have agreed to join forces on a dedicated solar energy training programme in 2022, to foster the uptake of solar energy in five Sahel countries. The programme, to be conducted in Burkina Faso, Chad, Mali, Mauritania and Niger, will focus on energy…

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    • Lighting up Africa: A linesman connects power to the Gitwa Cell, Nyarukara Village, under a greenfield project in Rwanda, co-financed by the African Development Bank
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Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank approves loans of $180 million to reinforce transmission and last mile connectivity

The project will entail the construction of over 1,000 km of medium voltage and 3,300 km of low voltage lines to boost last mile access

The Board of Directors of the African Development Bank (www.AfDB.org) has approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda. This follows the 26 May 2021 approval for $84.2 million from…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Radio News Release (Soundbite): African Development Bank pledges $2.8 billion to South Africa over five years

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African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition. Adesina was speaking…

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    • “We know South Africa is bankable” – Akinwumi A. Adesina, President, African Development Bank Group, South Africa Investment Conference, 24 March 2022
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Source: African Development Bank Group (AfDB) |

South African Investment Conference Highlights Nation’s Resilience

African Development Bank pledges $2.8 billion to South Africa over five years

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition. Adesina was speaking…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Group approves Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy

Under LEAF, some 18 decentralized renewable energy projects are expected to be financed, providing access to six million people and businesses

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Wednesday approved the Leveraging Energy Access Finance Framework (LEAF), under which the Bank will commit up to $164 million to promote decentralized renewable energy in six African countries. The $800 million program will help spur commercial and local…